Doamader
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August 29, 2017, 10:20:14 AM |
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Several people does use bitcoin as store of value, if it were stable people could use it as savings, but the big part interested into bitcoin and whales does love its volatilaty, where anybody can be able to make huge loads of money, crypto needs those up and downs and this is what is bringing new investors and supporters over crypto, and the dream to became rich.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Kava
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https://saturn.black
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August 29, 2017, 10:23:51 AM |
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Stable bitcoin will not be of interest to anyone. It is used only because of the opportunity to earn as an investment investment. Without a price increase, it will simply be an e-currency that is banned in many countries.
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xFiber
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August 29, 2017, 10:26:53 AM |
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I think it would probably be even more popular than it is now. Right now the majority of users use it as an investment asset and not necessairly as a payment processor. If bitcoin became stable the average consumes would be more tempted to join since the risk that is involved would be a lot smaller.
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Divyam96
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August 29, 2017, 12:35:30 PM |
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no i dont think if bitcoin had a stable price then it would have been this popular also then it will not be used this much because the main reason people use bitcoin is to make money and to get profit. making profit by using bitcoin would not have been possible if its value would have been stable. so it would have lead to decrease in popularity and usage of bitcoin. bitcoin's instability is its strongest and weakest point because on one hand people use it for profit which comes from its increasing value and on other hand there are people who don't trust bitcoin bitcoin because of its instability.
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JCO05
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August 29, 2017, 01:11:42 PM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I think it depends on the user. If the user is more into investing, it won't be popular since they are making profit of of its volatility such as buying during the dumpa and selling during the pumps. It will be more popular to people that are ewrning profit in mining, trading and campaigns. Because highly stable price will give them more profit.
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wearepoor
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August 29, 2017, 01:27:35 PM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Well, I guess btc will still be popular even at a stable price. Usually, investors are looking for stability before they invest so I'm sure that btc will not lose an investor. Though, it being unstable is a great factor that attracts more people into it especially traders. It will still be popular even if the value is stable but not so much as popular as it is today. So I'd still go with unstable since it is the very reason why it got so popular that most people are eager to have their own btc. i don't think so, i think it will lose ts popularity and most of the people goes toward other crypto to gain profit and in the mean of trading. the beauty of bitcoin is that its price is keeps on changing and from the day it has started it is going high and high and that is thing that a lot of people and investors coming towards it in the sake of profit. - I agree with you, investors focus more on bitcoin because the price of bitcoin is always changing, that makes them make more money. If bitcoin has a stable price, they will not earn money and bitcoin will be like gold, they will eventually get rid of it and seek out new investments - In addition, bitcoin is a place for whales to make money, they will not let the price of the bitcoin stabilize, they will always pump strong or dump strong to make money with bitcoin, wanting the price of bitcoin stable is an impossible thing Yeah I think investors will lose their interest in bitcoin if bitcoin prices stabilize because their purpose of investing in bitcoin is one of fluctuation. if bitcoin prices become stable maybe many of them will go away because they do not find profits quickly anymore. Maybe they will choose gold because it is safer than bitcoin Agreed with you, mostly traders will suffer as there will be less movement in the price; hence, there will be less opportunities to make the profits if the price of the bitcoins became stable. On the other hand, it will attract new investors who are looking for the long term investment.
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streazight
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August 29, 2017, 07:35:51 PM |
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Most of peoplw who invest in btc and other altcoins are expecting for an increase in price. Trading is one of the things that make BTC popular so it wouldn't be if it's stable.
yes i agree the price of bitcoin is the most exciting price that can increase anytime i think if it is stable bitcoin could not be popular. Yes, the unstable price of bitcoins has made them so popular around the globe. Due to fluctuating prices, bitcoins are able to achieve highest values in the history of crypto market. Stability of bitcoins will drastically decrease the bitcoin fans. I am also investing into bitcoins because I know in the next pump; I will be having huge capital.
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Chikitita2004
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August 29, 2017, 08:20:36 PM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
What do u mean by stable as in unchanging or constant? Even dollar price is not stable but still dependable. Bitcoin's been in roller coaster but now still at its peak.
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amaral1977
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August 29, 2017, 09:29:37 PM |
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Price stability is a must for a currency to be widely used as a currency. The use cases are low, so i really think if price is too stable now the interest would be lower. With high volatility the interest to see it as a speculative asset grows...
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hackl3r
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August 29, 2017, 10:39:58 PM |
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Indeed, in fact, more countries are allowing to make the Bitcoin as an official payment method
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GeniusAko
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August 29, 2017, 10:58:16 PM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I don't know what the bitcoin will be if the bitcoin had stable price but I think the bitcoin will not become popular. All of the people who are in this cryptocurrency world entered because of the bitcoin. The price is really matter.
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Didle1938
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August 30, 2017, 01:01:35 AM |
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Of course, Bitcoin would nonetheless be common, no for a longer time have to be concerned about some random pump-dump team and having to fret about when to bounce into Bitcoin.
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Fortress12345
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September 02, 2017, 01:29:31 AM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Of course yes, bitcoin is popular because it opens opportunities to all. Like earning money that can be used on everything you want. Saved money from posting that only needs your time and effort. It can help you to buy goods and services that are secure.
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millgates
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September 02, 2017, 04:58:27 AM Last edit: September 02, 2017, 06:33:47 AM by millgates |
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I don't think so, because most attractive part of bitcoin is its value and now a days as it is increasing, it is attracting most of the people to invest or trade with bitcoin to make huge profits.
I disagree with you. Sorry but I think the increasing price of bitcoin is just an impact because bitcoin has captured market opportunities so well. The increasing trend of internet users worldwide becomes a strategic moment of bitcoin presence. Especially with the development of the potential of global e-commerce business that encourages the global community to conduct cross - country trade transactions. So it will still popular.
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Cryptominia
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September 02, 2017, 05:09:36 AM |
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I think the main reason people make use of Bitcoin is because of the unstable price in the market that makes it into popular ,good thing for this is that it double your investment that's why some people hold their coins until it will rise in the market.
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BeGoods
Legendary
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September 02, 2017, 05:35:54 AM |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I don't know what the bitcoin will be if the bitcoin had stable price but I think the bitcoin will not become popular. All of the people who are in this cryptocurrency world entered because of the bitcoin. The price is really matter. yeah first many people are interested in using and investing in bitcoin because of one thing that is fluctuation, many people want instant profits or short-term profits by exploiting fluctuations in bitcoins and you should know that most users are investors and traders, of course when bitcoin prices become stable there will be most users who will be disappointed because they will not get instant profits anymore, then I don't know what will happen then
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metenjean
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September 02, 2017, 07:03:29 AM |
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I think the main reason people make use of Bitcoin is because of the unstable price in the market that makes it into popular ,good thing for this is that it double your investment that's why some people hold their coins until it will rise in the market.
If you think like a gambler then you would love the unstability of the price, however if you look in the investor position then unstable means unsafe and why would anyone invest lots of money in some unsafe instruments, other than investing in the price its better to have your own rig, it does have a stable income and you still own the hardware.
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Nathland
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September 02, 2017, 09:32:42 AM |
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I think the volatile nature of BITCOIN is what makes it the one of the most popular coin among traders. If it had a stable price, traders would shift their focus to another coin and Bitcoin will loose its popularity.
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batang_bitcoin
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September 02, 2017, 09:40:35 AM |
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I think the main reason people make use of Bitcoin is because of the unstable price in the market that makes it into popular ,good thing for this is that it double your investment that's why some people hold their coins until it will rise in the market.
It's certainly the main reason why bitcoin became popular as we are seeing a big chance to make money from it. And I'm very sure that there's upcoming big companies that are giving some of their interest to bitcoin. And this will make bitcoin more popular, the influence of a such company is one of the very reason why it keeps on giving a big popularity in the scene as it's the future.
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slaz26
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September 02, 2017, 10:35:14 AM |
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The stable price of bitcoin will reduce its popularity and possibly even destroy it. Bitcoin is used for earnings at an increase in prices, and a stable price will not bring such a profit.
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